Business
Aberdeen Acquires 14.67% Stake in Kombat Copper
TORONTO, ONTARIO--(Marketwired - Dec. 12, 2016) - ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX:AAB) has acquired 1,769,969 common shares of Ko
About this update from Aberdeen International Inc.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - Dec. 12, 2016) - ABERDEEN INTERNATIONAL INC. (\"Aberdeen\" or the \"Company\") (TSX:AAB) has acquired 1,769,969 common shares of Kombat Copper Inc. (\"Kombat\") (TSX VENTURE:KBT) in a non-brokered private placement financing of Kombat. On December 7, 2016, the Company sold 833,300 common shares of Kombat for gross proceeds of $374,985. On December 12, 2016 the Company acquired 1,729,969 common shares pursuant to Kombat's private placement financing for gross proceeds of $778,486. As at December 12, 2016, Aberdeen holds an aggregate of 1,817,169 common shares of Kombat and 1,000,000 warrants which represents 9.98% of the issued and outstanding Kombat shares and a 14.67% interest in Kombat on a partially diluted basis. Aberdeen sold and purchased these Kombat shares for investment purposes. It may purchase or sell additional shares in the future. ABOUT ABERDEEN INTERNATIONAL INC. Aberdeen International is a global resource investment company and merchant bank focused on small capitalization companies in the mining and metals sector. African Thunder Platinum, Aberdeen's premiere investment, is a platinum group metals project in South Africa's well-known Bushveld Complex. Aberdeen has further enhanced its investment holdings with its holding of 50% of Potasio y Litio de Argentina SA, which holds the Sal de los Angeles lithium project in Argentina.","length":1505,"tagName":"div"}]